October 27, 2020

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Coronavirus: MP allowances, pensions slashed by 30% for a year, President, PM, governors to take salary cut

 The Union Cabinet has approved an ordinance
slashing the pension and allowances of members of the Parliament by 30 percent
for a year.

The Union Cabinet
has approved an ordinance slashing the pension and allowances of members of the
Parliament by 30 percent for a year, Union minister Prakash Javadekar said on
Monday.
The ordinance – an amendment
to Members of Parliament Act, 1954, will reduce the allowances and pension by
30 percent with effect from April 1, 2020. The reduction will be applicable
for a year.
“Apart from
the ordinance on MP salary, President Ram Nath Kovind, Vice-President Venkaiah
Naidu and many state governors and lieutenant-governors have also voluntarily
decided to take a pay cut as a social responsibility,” the Union minister
said.
“The money
will go to the Consolidated Fund of India,” Prakash Javadekar said.

The Consolidated
Fund of India is the term used for the total revenue collected by the government
through taxes and expenses incurred in the form of borrowings and loans.
The minister also
informed the media that the MPLADs (Members of Parliament Local Area
Development Scheme) fund has been discontinued till 2022. “MPs’ funds of
Rs 10crorse each will be pushed towards nation-building,” he said.

Source from  indiatoday

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